Friday, August 28, 2009

Trump Casinos Must Face Examiner’s Review of Donald Trump Deal

Aug. 28 (Bloomberg) -- Donald Trump’s effort to regain control of Trump Entertainment Resorts Inc. will be investigated by a court-approved bankruptcy examiner, the judge overseeing the casino operator’s Chapter 11 case ruled.
U.S. Bankruptcy Judge Judith Wizmur in Camden, New Jersey, yesterday approved a request by Trump Entertainment’s bondholders to investigate the company’s decision endorsing Trump’s reorganization plan. Bondholders urged the judge in court papers to investigate whether the board acted in good faith

Read more:
http://www.bloomberg.com/apps/news?pid=20601206&sid=ajx31iU6jhlQ

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